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. start with the website of the stock. daryl in california, please. >> caller: booyah, jim cramer. i have a question what is meant by a reverse split stock? >> that means if there's a million shares let's say they do a three to one, make to it 300,000 shares. what is typically done, citi group did one of these. what it does, if you have like 300 billion shares you divide it by three, you got 100 billion. it does raise the price but it's illusory. you just have fewer shares. tyler in florida. >> caller: jim i'm going to give you a south florida booyah. >> i'll take that. i need to go there now always >> caller: sun is shining. actually it's overcast. but quick question for you. when you talk about the economy really booting off again it seems like you talk about it in terms of consuming and not producing. i'm thinking from the way i think about it you need something to be produced before it's consumed. i'm wondering why in terms of a growing economy you talk about consumption instead of production. that's what it seems like to me. >> i do. because in order to be able to raise price you nee
will finish out including california. alaska will round everything out at 1:00 a.m. you can see that handy little chart there. here's another chart that gives you a sense of the official nbc projections tonight. 270 electoral college votes are needed to win and, yes, it is not the popular vote that matters. it is the lector are ral college vote that matters. 237, this is what nbc is proceed correcting currently for bal. you can see on the map the states blue are those expected to give all of their votes to him. romney we're projecting 206 votes. in yellow, these are the key swing states. nbc sees eight of them for the time being and the most important one probably to watch is, yes, ohio. right here. not far from virginia which is probe the second most important. maybe colorado over here, the third. but in ohio, it really comes down to the interior of the country where many of these counties have gone boy way or the other. no republican presidential candidate has won without ohio, but it's not just tradition that matters, it's also the math. ohio's delegates will matter to the actual tally
. as republicans, we look at the state of california. why do we have to leave 55 electoral votes up for grabs, or actually give up 55 electoral votes and not contest them at all. same thing with new york. that's a ton of electoral votes that wer n're not contesting ri now. what we needed to do as a party is concentrate on the economic and national security issues and move away from the social issues. >> penny, what we haven't done in this election is really square out what kind of america the population wants. in terms of -- at the moment, we're going for big government and small taxation and that doesn't work. how are we going to square it? >> exactly. and that's where the balance needs to be. and i agree with boris this is where the president really is going to have to step forward and really put down the agenda. what it looks like, and really be the person that starts to negotiate in a much more up front or much more out-front area as far as on the fiscal path. you know, the senate that was just elected is probably more diverse. you actually have more conservatives and more liberals now in
in california. at&t says it plans to phase out its old fashioned telephone service. the company eventually wants to decommission the technology behind its deck i'ds old copper line network that currently covers 76 million homes and businesses. at&t will spend $14 billionoff three years to extend its internet based broadband service to 78% of its land line service area. and on the agenda in the u.s., we've got important economic data, weekly jobless claims, my favorite. they'll hit before the market opens. and on the earnings front, up ins are kohl's, wendy's, disney and groupon. european trade this morning has been a mixed session. we started out in the green and then we had losses. markets are clawing back adding half a percent for the xetra dax. ibex 35 is back in the green after being down as much as 0.6%. u.s. futures are trying to fight to the positive. if you take fair value into account, the dow jonesville average would be adding about a point at the open. not huge moves, but again, not a big come back from the big losses yesterday.the open. not huge moves, but again, not a big come back
and hybrid vehicles will be on display. california does account for 11% of all new u.s. auto sales. i wonder if there will be any driverless cars at this one next. i hope not. in any case, that's it for today's show. thank you for tuning in. i'm kelly evans. up next is u.s. "squawk box." don't go anywhere. [ male announcer ] this december, remember -- you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. >>> good morning, today's top stories, ceos heading to the white house to make their fiscal cliff pitch to the president. in global market news, the obama administration declines to name china a currency manipulator. and on the economic front, a report on new home sales topping today's agenda. it's wednesday, november 28th, 2012. "squawk box" begins right now. ♪ here comes santa claus here comes santa claus right down santa claus lane all his reindeers pulling on the reins ♪ >> good morn
in the united states. and it has a good positioning in california where he says macroeconomic is improving a little bit better than in new york when it comes to the tourist spend. that's very important for luxury. and unfortunately, we're just not seeing it like we were in those new york luxury department stores. with that being said, remember luxury doesn't do door busters really. it's quite the opposite. they go for the price premiums. quality very important to many consumers. in fact 75% of luxury consumers say it is the number one most important thing. but i think what happens out of washington will very much determine how the holiday season shapes up for the luxury retailers. >> that's for sure. courtney reagan braving the cold there for us. really appreciate it. want to bring and you couple news flashes. welcome back our uk viewers who have been listening to mervyn king. keep an eye on crude before we go, up over 1% as the ieae chief is calling for urgency in iran talks. and we'll leave you for the day. here is u.s. "squawk box." we'll see you back here tomorrow. can i help you? i he
Search Results 0 to 5 of about 6